Sunday, November 14, 2010

Chevrolet Runs Deep ... in BS


What's driving Obama's subsidies of Chevy's Volt?

General Motors, an appendage of the government, which owns 61 percent of it, is spending some of your money, dear reader, on full-page newspaper ads praising a government brainstorm - the Volt, Chevrolet's highly anticipated and prematurely celebrated (sort of) electric car. Although the situation is murky - GM and its government masters probably prefer it that way - it is unclear in what sense GM has any money that is truly its own. And the Volt is not quite an electric car, or not the sort GM deliberately misled Americans into expecting.

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